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6/7/2022
Caltrain's board last week approved operating and capital budgets for fiscal-year 2023, which begins July 1.
The $179.2 million operating budget includes $46.5 million in fare revenue. For the second year in a row, Caltrain does not expect to receive revenue contributions from its partners, the San Mateo County Transit District (SamTrans), Santa Clara Valley Transportation Authority, and the city and county of San Francisco.
The budget will continue funding the nouthern California transit agency's service as it works to restore ridership to pre-pandemic levels, Caltrain officials said in a press release.
The $90.9 million capital budget is supported by numerous federal, state and regional grants, local funding and member agency dollars. It covers long-term infrastructure improvement and maintenance projects, including maintenance work on stations and intermodal access, right-of-way signals and communications and rolling stock.
The budget also includes funding to replace the Guadalupe River and San Francisquito Creek bridges, and tie replacement projects.